Waller Advocates for Interest Rate Cut, Suggesting Impact on Crypto Markets

Christopher Waller, a Federal Reserve Governor, has urged for a rate cut to address concerns about the labor market. His statement comes as Fed officials grapple with softening labor data and consider their policy response. This potential shift in monetary policy could influence investor behavior towards digital assets like Bitcoin (BTC) and Ethereum (ETH). Analysts predict that Waller’s suggestion might boost crypto markets, particularly given historical trends showing increased risk appetite following rate cuts.